Texas National Bank turns to Data Center Inc for new digital bank for bankers
Texas National Bank, a $170 million bank based in Sweetwater, has selected Data Center Inc (DCI) as its core system partner for a planned direct digital bank, Bankers Lender.
DCI won the deal based on its tech and partnership approach
Bankers Lender is due to launch in April and will be tailored to bankers and delivered through a digital platform. Application, approval and movement of funds will be online and through a single interface.
Planned initial customer offerings are unsecured revolving lines of credit; unsecured closed-end loans; secured revolving lines of credit; secured closed-end loans; and demand deposit accounts.
Texas National Bank president and CEO, Mike Fernandez, says: “We are geographically constrained for branch growth, and the economy is not as strong in our markets as it is in other areas which presents headwinds to growth and obtaining new business.” Hence the decision to set up this new bank.
Texas National Bank was assisted in its technology search by an entity called Bankers Helping Bankers. This is a new bankers-only platform designed for collaboration and communication among bankers. It connected the firm with DCI.
Fernandez says DCI won the deal based on its technology and partnership approach.
“We have a rich history of supplying bankers with deposit and loan services in our geographic area, and Bankers Lender will further enhance our reach and reputation,” adds Fernandez.
